Tech Stocks Drive Market Recovery; Crypto Assets and Venture Funding Rebound in Sync

BTC2.73%
ETH2.01%

Gate News message, April 28 — According to Gate Ventures’ latest weekly report, macroeconomic conditions show signs of staged recovery, with major stock indices performing unevenly but trending upward overall, indicating improved market risk appetite. In tandem, crypto markets rebounded, with Bitcoin rising 6.6% and Ethereum up 4.7%. Bitcoin spot ETFs recorded net inflows of approximately $823.7 million, while Ethereum spot ETFs saw net inflows of $155 million, signaling strengthened capital inflows.

Overall market capitalization increased 5.2%, while market cap excluding BTC and ETH grew 2.6%, suggesting upward momentum is beginning to spread to a broader range of assets, though at a relatively moderate pace. The top 30 assets posted an average gain of 4.2%. On-chain and industry developments continue to progress, including ongoing evolution in digital currency infrastructure and asset tokenization.

Venture funding activity accelerated, with 12 deals completed last week disclosing a combined $54.89 million in financing, up approximately 31% from the previous week. Capital flowed primarily to DeFi and infrastructure sectors. Notable transactions include JPYC’s $17.62 million raise to advance yen stablecoin infrastructure, and 3F’s $4 million seed round with investors including Gate Ventures. Against the backdrop of marginal macroeconomic improvement, venture activity is rebounding, with capital focused on long-term application scenarios and foundational capability building despite market volatility.

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